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1. The British Economy in 1918
About this Lecture
In this module, we think about the state of the British economy following the First World War, focusing in particular: (i) the way that different groups of historians have judged the performance of the British economy in this period; (ii) the situation immediately before the First World War – Britain’s wealth and her status as an imperial power and centre of world finance; (iii) the three major issues faced by the British economy in 1918 – Britain’s debt, the rise of the United States as a financial power, and the fracturing of international trade; (iv) the expansion of the franchise and the significant increase in spending on social welfare; (v) Britain’s commitment to free trade compared to the protectionism of France, Germany and the United States; and (vi) the political importance of the gold standard.
In this course, Dr Christopher Price (York St John University) explores the development and performance of the British economy between 1918-39. In the first module, we consider the state of the British economy in the immediate aftermath of the First World War (1914-18), and the major differences between the pre- and post-war economy. In the four modules that follow, we look at four distinct periods in the performance of the British economy – the difficulties of the 1920s, the Great Depression, recovery in the first half of the 1930s and rearmament in the lead-up to war. In each case, we think about the economic and political considerations that informed economic policy, as well as the extent to which the international situation shaped the British economy in this period.
Dr Christopher Price is a Senior Lecturer in History at York St John University. His research interests encompass political, economic and military history with a particular focus on British and US history in the period surrounding the Great Depression and the two World Wars. His most recent publications in 2014 and 2015 explore the scientific and mathematical bases of British performance in twentieth century conflicts. His earlier publications investigated the performance of the British and US economies in the interwar period and the economic and financial basis of Anglo-American relations in the re-armament period before the outbreak of war in 1939.
Cite this Lecture
Price, C. (2021, January 14). Britain – The Economy, 1918-39 - The British Economy in 1918 [Video]. MASSOLIT. https://www.massolit.io/courses/britain-the-economy-1918-39/the-british-economy-in-1918
Price, C. "Britain – The Economy, 1918-39 – The British Economy in 1918." MASSOLIT, uploaded by MASSOLIT, 14 Jan 2021, https://www.massolit.io/courses/britain-the-economy-1918-39/the-british-economy-in-1918